Prices of Indian gunny & hessian cloth decline in June

The annual rate of inflation, based on monthly WPI, stood at 7.25% (Provisional) for the month of June, 2012 (over June, 2011) as compared to 7.55% (Provisional) for the previous month and 9.51% during the corresponding month of the previous year. Build up inflation in the financial year so far was 1.99% compared to a build up of 2.41 % in the corresponding period of the previous year.

The index for this major group rose by 0.1 percent to 216.4 (Provisional) from 216.1 (Provisional) for the previous month. The groups and items for which the index showed variations during the month are as follows:-

The index for 'Non-Food Articles' group declined by 2.6 percent to 193.5 (Provisional) from 198.6 (Provisional) for the previous month due to lower prices of gaur seed (28%), logs & timber (9%), gingelly seed (4%), raw rubber (3%), raw cotton (2%) and linseed, flowers and groundnut seed (1% each).  However, the prices of raw jute (5%), raw silk (4%) and coir fibre (1%) moved up.

The index for this major group rose by 0.3 percent to 144.8 (Provisional) from 144.3 (Provisional) for the previous month.

The index for 'Textiles' group rose by 0.7 percent to 130.1 (Provisional) from 129.2 (Provisional) for the previous month due to higher prices of  jute yarn (3%) and man made fabric, jute sacking bag,  man made fibre and  cotton yarn (1% each).  However, the prices of gunny and hessian cloth (1%) declined.

The index for 'Leather & Leather Products' group rose by 0.4 percent to 133.1 (Provisional) from 132.6 (Provisional) for the previous month due to higher prices of leather footwear (1%).

The index for 'Rubber & Plastic Products' group rose by 0.3 percent to 135.8 (Provisional) from 135.4 (Provisional) for the previous month due to higher prices of plastic/pvc pipes(3%) and polyester film (2%).

The index for 'Chemicals & Chemical Products' group rose by 0.4 percent to 141.3 (Provisional) from 140.7 (Provisional) for the previous month due to higher prices of explosives (6%), non-cyclic compound and basic inorganic chemicals (2% each) and di ammonium phosphate, dye & dye intermediates,  ammonium sulphate, safety  matches/ match box,  ayurvedic medicines, distemper, photographic goods, hair / body oils and pesticides (1% each).  However, the prices of turpentine oil, basic organic chemicals, polymers and antacid and  digestive preparations (1 % each) declined.

The index for 'Machinery & Machine Tools' group rose by 0.3 percent to 127.0 (Provisional) from 126.6 (Provisional) for the previous month due to higher prices of electronic pcb /micro circuit (4%), insulators andmicrowave oven (3% each), electric motors, electric switch gears and air conditioner & refrigerators (2% each) and      boiler & accessories, machine tools, lamps, electrical pumps and electric generators (1% each).  However, the prices of thresher (5%), textile machinery (3%) and fluorescent tubes, electric switches and ball/roller bearing (1% each) declined.

Ministry of Commerce & Industry